Apple Pauses Hiring for Roles Outside Research and Development in Cost-Cutting Move 25
Apple has paused hiring for many jobs outside of research and development, an escalation of an existing plan to reduce budgets heading into next year, Bloomberg News reported this week, citing people with knowledge of the matter. From a report: The company took the step last month, ahead of a quarterly earnings report where it said that growth would slow in the holiday period. The pause generally doesn't apply to teams working on future devices and long-term initiatives, but it affects some corporate functions and standard hardware and software engineering roles, said the people, who asked not to be identified because the move isn't public.
Apple joins other tech giants in tapping the brakes on hiring, a response to sluggish consumer spending and higher interest rates. The iPhone maker has fared better than many tech peers this year, but it's still facing an industrywide slowdown for smartphones and computers.
Apple joins other tech giants in tapping the brakes on hiring, a response to sluggish consumer spending and higher interest rates. The iPhone maker has fared better than many tech peers this year, but it's still facing an industrywide slowdown for smartphones and computers.
Re:The gravy train is ending (Score:4, Funny)
Some of the tech companies were having their stock bid up to stratospheric levels during the pandemic, and now are returning to earth (or cratering). They were spending like drunken sailors and now have to try to behave like a normal company.
To paraphrase a famous pirate movie...
"You'd best be believin' in recessions, Mr. Cook... You're in one!"
Re: (Score:2)
yeah, they were in such a hurry, they forgot to ask your permission...
Re: Profits are at record highs (Score:5, Insightful)
It's not as though a major war, recent pandemic, and governments spending loads of money in response to those on top of what they normally spend could have anything to do with it. No, it must be a secret cabal of people at the top who've decided to act against their own interests wanting to make things worse for everyone including themselves.
Re: (Score:1)
The war has nothing to do with the inflation in the West and specifically in the USA. What effect do you think sending weapons from storage has on inflation? Beyond that, even if every single weapon that was sent was a completely new one, fabricated for Ukraine (it was *not*), 40 billion or so dollars is about 4% of the total yearly USA military budget. Do you think 4% of military spending will cause a massive inflation?
The pandemic spending certainly hurt quite a bit, preventing people from working for
Re: Profits are at record highs (Score:5, Insightful)
Not this gold bullshit again. A gold standard cannot sustain a modern economy, stop thinking like you lived in the 1800s.
And war did have something to do with inflation. It caused price of oil to spike. Another driver is the last dingbat administration's tax cuts, and the tax cuts before that, and the tax cuts before that. That greatly unbalanced the budget causing much higher deficit spending. And the economy burst out of the Covid lockdown. To make matters worse, the supply chains choked up and so did a source of a lot of goods, China. So take your Milton Friedman coke bottle glasses off.
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Not this gold bullshit again. A gold standard cannot sustain a modern economy, stop thinking like you lived in the 1800s.
- the only thing that is 'modern' in the modern economy is its ability to mislead, to lie, to cheat, to use the gullibility of the public on a scale heretofore unheard of. Gold is not a 'standard', gold is money that people choose to be money, you can argue with the people, however once these few decades (a century really) of paper money ends (horribly), it will be up to the people to decide again what is really money. Maybe they will choose gold, maybe they will choose feathers, but it won't be governm
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Gold is not a 'standard', gold is money that people choose to be money
It doesn't work as money without a government to keep the currency moving around. There also isn't enough of it to even be the basis of a modern currency.
War didn't have anything to do with inflation, event the oil and gas prices have spiked and then came back down to levels that we have seen less than 10 years ago, there is nothing special about these particular oil prices.
Still $6.69 for diesel in Humboldt. The oil companies are making literally another $1/gallon profit in California over what they're making anywhere else, and more in my area.
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Yeah, it's a bummer, the oil companies are making literally another 1 dollar per gallon profit. I don't think anyone was complaining when the oil companies were bleeding money and needed to shut down production, when prices were lower and such? I mean wow, a business that makes money based on the market conditions, sometimes it makes more money, sometimes less money, sometimes it may lose money, what a horrific concept.
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I don't think anyone was complaining when the oil companies were bleeding money and needed to shut down production, when prices were lower and such?
Let me just speak for the people who care if we continue to be here when I say fuck the oil companies in their biosphere-destroying faces.
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aha, yeah, I hear you, I hear you, so your car runs on butterfly wing flaps and fairy farts I suppose? Do you have a house? Do you have heating or maybe it's unnecessary in California? Do you use AC? Go to a store? Use roads? Fly on an airplane sometimes? Have a boat or go boating or fishing or you go on cruises? Any kind of travel at all? Do you buy food I suppose, you know, the food that's produced with fertilizers and tractors and trucks and boats and whatever else? I suppose you don't use any pla
Re: Profits are at record highs (Score:2)
Milton Friedman? He wouldn't say anything like that.
Jerome Powell is just saying it (Score:2)
Re: (Score:3, Interesting)
What I don't understand is why we are letting them do this to us.
What's the alternative? The federal reserve doesn't work for you, me or any of the rest of us here. The Fed works for their member banks. And it's in those bank's interests to have a recession right now. What they will lose in mortgage originations in the short term they'll make up for in long-term business opportunities, like the ability to acquire other businesses on the cheap. And most importantly, the lowering of wages.
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It isn't in the banks interest to have their commercial customers go through a recession. Think again.
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This is exactly what I'm talking about. You're being ruled over and made into a slave and you literally cannot comprehend that. It's just this is the way things are so this is the way things have to be. Go look up a YouTube video called I hate Mondays from a channel called innuendo studios and he explains it. It's the idea that you can't ever push back against the way things are because that's just the way they are. Argu
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Tax the rich. That will solve all of our problems. /s
Are you a child? The rich are the only ones in charge, and they aren't about to vote for any system that would meaningfully hit them with punitive taxes.
Tax rates in the 50s may have officially been really high, but there were so many loopholes and deductions that fucking nobody was actually paying the stated rates. What made the country prosperous was WWII having decimated the entirety of global industry outside the US. That ship has sailed, now that the
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Twitter's problem is it contracted a virus as a president.
Compliance count down (Score:2)
Apple will reduce the number of woke compliance departments from 38 down to 37.